Natixis Advisors LLC Boosts Stake in Korn Ferry (NYSE:KFY)

Natixis Advisors LLC raised its position in Korn Ferry (NYSE:KFY) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,423 shares of the business services provider’s stock after purchasing an additional 986 shares during the quarter. Natixis Advisors LLC owned 0.08% of Korn Ferry worth $3,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KFY. Vanguard Group Inc. raised its holdings in Korn Ferry by 2.2% in the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after buying an additional 134,209 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Korn Ferry during the 1st quarter valued at $259,000. Bessemer Group Inc. increased its holdings in Korn Ferry by 40.1% in the 1st quarter. Bessemer Group Inc. now owns 2,387 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 683 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Korn Ferry by 12.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 76,220 shares of the business services provider’s stock valued at $5,009,000 after purchasing an additional 8,307 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in shares of Korn Ferry by 36.7% during the first quarter. Quadrature Capital Ltd now owns 12,896 shares of the business services provider’s stock worth $848,000 after purchasing an additional 3,461 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Korn Ferry

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the sale, the chief financial officer now directly owns 154,535 shares in the company, valued at $11,672,028.55. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the transaction, the insider now owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by insiders.

Korn Ferry Price Performance

KFY stock opened at $77.45 on Friday. The stock has a 50-day simple moving average of $73.44 and a 200-day simple moving average of $69.89. The firm has a market cap of $4.03 billion, a P/E ratio of 22.13 and a beta of 1.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. Korn Ferry has a 1 year low of $50.63 and a 1 year high of $80.64.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities analysts predict that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Korn Ferry’s dividend payout ratio is presently 42.29%.

About Korn Ferry

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.